Type
Internal restructuring
Country
Denmark
Region
Nordjyllands amt;
Location of affected unit(s)
Frederikshavn, Århus
Sector
Manufacturing
Manufacture Of Computer, Electrical Electronic And Optical Products
Manufacture Of Electrical Equipment
27.4 - Manufacture of electric lighting equipment

75 - 110 jobs
Number of planned job losses
Job loss
Announcement Date
30 January 2004
Employment effect (start)
Foreseen end date

Description

The Martin Group, which produces lighting equipment, announced on 15 January 2004 the dismissal of 110 employees in Frederikshavn and Århus. After negotiations it will maybe only be neccessary to dismiss 75 employees, while other reduction measures will be found for the others. The fall of the Dollar exchange is given as reason for the restructuring.


Sources

  • 15 January 2004: Børsen

Citation

Eurofound (2004), Martin, Internal restructuring in Denmark, factsheet number 60096, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60096.